KD FOUNDATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD
06 APRIL 2020 TO 01 DEC 2020
Charity Number 1188932
| CONTENTS | PAGE |
|---|---|
| Members of the Board and professional advisers | 3 |
| Trustees Annual Report | 4 |
| Statement of financial activities (incorporating the income and | 9 |
| expenditure account) | |
| Statement of Financial Position | 10 |
| Notes to the financial statements | 11 |
KD FOUNDATION
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered charity name KD Foundation Charity number 1188932 Registered office Flat 9 Rodings Court 134 The Avenue London E4 9RP Trustees Mr. Farrukh Shahzad Mr. Khalid Dahbi Mrs. Eliz Dahbi Independent examiner FS Financial Services Limited 152-160 Kemp House City Road London, EC1V 2NX
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KD FOUNDATION
TRUSTEES ANNUAL REPORT PERIOD ENDED 01 DECEMBER 2020
The trustees present their report and the unaudited financial statements of the charity for the period ended 01 December 2020.
Reference and administrative details
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
The Trustees
The trustees who served the charity during the period were as follows:
Mr. Farrukh Shahzad Mr. Khalid Dahbi Mrs. Eliz Dahbi
STRUCTURE and MANAGEMENT GOVERNANCE DOCUMENT
KD Foundation is constituted as a charitable Trust and was registered with the Charity Commission on 6[th] April 2020, under the charity number 1188932. It is governed by a Deed of Trust.
ORGANISATIONAL STRUCTURE
The Trustees are responsible for the general control and management of the Foundation.
The Trustees give their time freely and receive no monetary compensation or any other financial benefits.
The Trustees meet regularly, and also when specific need arises. They are responsible for all decisions taken in relation to the running and maintenance of the foundation.
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KD FOUNDATION
RISK MANAGEMENT
The Trustees assess the risks the Foundation faces and continually try to mitigate any identified risks.
Fire Risk assessments are carried out, and the Fire Alarm system is monitored 24/7 with procedures to alert the fire services.
DBS criminal record checks for appropriate personnel are regularly processed and kept up to date.
The Trustees also ensure suitable insurance covers are maintained and the Health and Safety regulations are met.
AIMS AND OBJECTIVES
The object of the Foundation is set out in the Charity’s Trust deeds.
- The charity provides relief to the vulnerable people of our society globally by providing them necessities including food, clothing, education, health and medications. The charity also helps in environmental activities in order to tackle our climatic issues.
The Trustees review these objectives regularly to ensure demands and needs of the community are met.
STRATEGIES
We ensure our Foundation is a welcoming venue for all sectors of the community, as well as people of different faiths.
We distribute donations to the needy in the UK, and internationally (particularly Pakistan, India, Bangladesh, Africa, United States and other disaster-struck areas) to cover their basic needs of shelter, food, clothing and urgent financial support.
An important part of our strategy is community welfare and education. Most of our activities are free and supported by donations.
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KD FOUNDATION
USE OF VOLUNTEERS
Volunteers play an important role in both our faith and community work. Since we are starting up, we have no people regularly giving their time. We encourage all members of our Foundation to be involved in voluntary activities and to share skills with others.
GRANT MAKING POLICY
The Foundation relies mainly on donations for various disaster appeals arising from natural calamities around the world, where fundraising and aid decisions are made by the Trustees.
The Foundation also donates money to educational and welfare charities in those countries. Whenever possible, our Trustees personally oversee the distribution of funds in the affected areas. We work with partner organizations, when necessary, to identify the direness of the circumstances, and allocate the donations accordingly.
The donation procedure is strictly controlled by the Donation Request and Award approved by the trustees.
ACTIVITIES AND ACHIEVEMENTS
Who the charity helps:
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Children/young People
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Elderly/old People
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People With Disabilities
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People Of A Particular Ethnic Or Racial Origin
How the charity helps:
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Makes Grants To Individuals
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Makes Grants To Organisations
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Provides Other Finance
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Provides Buildings/facilities/open Space
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Provides Services
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Provides Advocacy/advice/information
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Sponsors Or Undertakes Research
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Acts As An Umbrella Or Resource Body
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KD FOUNDATION
Our future plans
Trustees continue to devote more effort in the improvement and expansion of the services that the charity offers.
Charity is also aiming to launch a new initiative to tack global deforestation in major parts of the world cutting carbon emissions.
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KD FOUNDATION Financial Review Since the Charity has been inactive during the period from 06 April 2020 to 01 December 2020. the charity's accounts for the 8 months period ending 1st December 2020 show no income and expenditure. Reserves Policy It is the charity's policy to maintain a balance on unrestricted funds (il possible), whiGh equates lo al least one month's unreslricled payments to cover ernergency situations that may arise from tim8 lo tim8. 11 is our policy to invest OLJr funds balances on property or any low to moderale risk Investments. All the inveslmenl decisions have to be authorized by all the trustees. Khalid Da (On behalf of all of the Trustees) Flat 9 Rodings Court 134 The Avenue London E4 9RP Dated: 24 November 2021
KD FOUNDATION
Statement of Financial Activities Period Ended 01 December 2020
The charity has been inactive during the period. During this financial period, the charity received no income and incurred no expenditure.
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KD FOUNDATION Stat¢m¢nt of Finan¢lal Position Perlod Ended 01 December 2020 Amount5 In GBP I£1 2020 2020 Flxed Assets Tangible fixed èssels Current Assets Debiers Cash at baryk and in hand Credltors.. lalling due wlthln one year Net Curr¢ni Assets TDtal AJset5 le55 Current Liobllitles Funds Oft Charity Uniestricted funds Total tharityfunds re approved by ihe board oltru51ees ind auih0115ed lor ¢ssue on 24 Nov 2021 -Trustee alf Of All The Trustees IOnB 10-
KD FOUNDATION
Notes to the Financial Statements Period ended 01 December 2020
1 General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Flat 9, Rodings Court, 134 The Avenue, London, E4 9RP
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Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in Sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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